Creative Realities Ranked 7th in licenses amongst Global Software Solution providers, by Invidis Consulting in the 2023 Yearbook
LOUISVILLE, Ky., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Creative Realities (NASDAQ: CREX, CREXW), a leading provider of cutting-edge digital signage and media solutions – announced the company landed the number 7 position for the volume of its CMS software solutions globally, by Invidis Consulting - the Germany-based firm who publishes the Digital Signage & DOOH 2023 Yearbook of the same name, which has become the industry go-to for the digital signage marketplace.
“Size matters also in digital signage, but it takes time to reach the 100k threshold of licenses or end points,” states the Invidis team who has been tracking the global digital signage market for more than 10 years. “As the market and IT in general is moving to a predominantly SaaS business model, we’re also changing to an active-license only ranking.”
One of the fastest growing digital signage software platforms was CRI– the merged entity of Creative Realities and Reflect Systems. The US-based integrator counted 275,000 active licenses at the end of December 2022 and continues to grow at a rate much faster than the market, as reported in the 2023 Yearbook.
Creative Realties was also listed amongst 6 other companies as the ones to watch, with the designation inside the Rising Stars & Disruptors category. “We are absolutely thrilled to have been called out by Invidis amongst our peers within the Yearbook, which is a direct outcome of our deliberate and strategic focus on growing annual recurring revenue from our software suite,” states Rick Mills, CEO of Creative Realities. “Mid-year 2023, we’ve announced our backlog exceeded $110M, and as those end points get deployed and become active SaaS licenses we expect our active license count to increase significantly,” states Mr. Mills.
About Creative Realities, Inc.
Creative Realities helps clients use the latest omnichannel technologies to inspire better customer experiences. CRI designs, develops, and deploys consumer experiences for high-end enterprise-level networks, and is actively providing recurring SaaS and support services across diverse vertical markets, including but not limited to automotive, advertising networks, apparel & accessories, convenience stores, food service/QSR, gaming, theater, and stadium venues. The company has operations across North America with active installations in more than 10 countries.
About Invidis Consulting
Invidis Consulting established itself as a consulting firm specialized in digital signage. The Invidis name represents thought leadership and strategic consulting in the field of digital signage and digital technology in the real world, for example in retail or in offices. Invidis founder Florian Rotberg, Stefan Schieker – founder of Result MC Management Consultant –and the joint team of experts support clients worldwide. The focus is on scalable, sustainable digital concepts and strategies.
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